Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for ALLSCRIPTS-MISYS (MDRX) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MDRX was recently trading at $10.67 and has an implied volatility of 145.73% for this period. Based on an analysis of the options available for MDRX expiring on 16-Oct-2020, there is a 34.15% likelihood that the underlying will close within the analyzed range of $10.67-$12.00 at expiration. In this scenario, the average linear return for the trade would be 29.87%. Big 28.40% Change: After closing the last trading session at $8.31, ALLSCRIPTS-MISYS opened today at $11.09 and has reached a high of $11.38. Trade approach: A movement as big as 28.40% is a significantly bullish indicator, so this trade is designed to be profitable if MDRX maintains its current direction and does not revert back to pricing on the bearish side of $10.67 on 16-Oct-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if ALLSCRIPTS-MISYS closes at or above $10.50 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 55.45% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.